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D.C. is Gettings its First Lowe's

Soon enough, D.C. will be getting a Lowe's. The home improvement chain already has locations in Largo, MD, New Carrolton, MD and Alexandria, VA, but now one will open in the District. According to the Washinigton Business Journal, the brand new location will open in Northeast, next to the city's first Costco:

Shops at Dakota Crossing will feature more than Costco. Fort Lincoln New Town Corp. has locked in a Lowe's home improvement store for the space that Target was once going to take.

Multiple sources familiar with the deal say Charlotte, N.C.-based Lowe's Cos. Inc. (NYSE: LOW) will occupy a 130,000-square-foot building at 33rd Street and South Dakota Avenue NE. Target was, until late 2011, slated to occupy 136,000 square feet on the same parcel. But Target backed out, and it has taken some time to find a replacement anchor.